Blogs

Project accounting is a unique type of accounting that drills down into the financial details of individual projects. Unlike traditional accounting methodologies, which monitor financial outcomes at a broader company level, project accounting zeroes in on the specific revenues, expenses, and profitability of individual projects. 

Businesses that don’t understand accounting are destined to fail. That’s especially true for those who carry an inventory. Mismanaging inventory and cash flow are two sides of the same coin. Keeping a poor inventory could lead to issues with your business liquidity, like tying up excess capital to inventory or missing out on sales opportunities due to stockouts.

Supply chain management is integral to running a successful business that sells products. In fact, it’s virtually impossible to succeed in the long run without appropriately managing inventory. One such inventory management strategy to consider is consigned inventory, which we’ll discuss in detail today. 

This post will discuss consigned inventory, explore consignment inventory arrangements, and explain how Xledger’s financial automation software can enhance consigned inventory management.

Financial reporting: two words often heard together but whose vast scope is not always fully understood. In this article, we plan to change that! Here, we’ll explore the maze of financial reporting, unraveling its essential components and shining a light on why it remains a pivotal process in today’s business world. 

Whether you’re a seasoned financial professional or new to economics, understanding the mechanics and gravity of financial reporting is a must for navigating the complexities of commerce.

Finance automation tools have come a long way from the basic calculator. Now, finance teams rely on automation in finance and accounting to significantly streamline aspects of their work that once required hours of manual labor. These revolutionary tools transform finance functions, helping teams add immense strategic value to their organizations. 

But what exactly are these changes, and how do they translate to improved performance and satisfaction?